55. Reinstatement to Register

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Amended

Last amended by an amending law of 2022. 3 amendments in all.

(1)

Where —

(a)

the registration of a public accountant has been cancelled under Part 5, 5A or 6 and his or her name and particulars removed from the Register of Public Accountants; or

(b)

the approval granted to an accounting corporation, accounting firm or accounting LLP under Part 4 is revoked under Part 5A or 6 and its name and particulars removed from the Register of Public Accounting Corporations, the Register of Public Accounting Firms or the Register of Public Accounting Limited Liability Partnerships,the public accountant, accounting corporation, accounting firm or accounting LLP concerned must, if his, her or its appeal to the General Division of the High Court is allowed, be immediately reinstated to the Register of Public Accountants, the Register of Public Accounting Corporations, the Register of Public Accounting Firms or the Register of Public Accounting Limited Liability Partnerships (as the case may be) without payment of any fee.

(2)

The Oversight Committee may, after the expiry of at least 2 years from the cancellation of the registration of any public accountant or the revocation of the approval granted under Part 4 to an accounting corporation, accounting firm or accounting LLP, consider any fresh application for registration or approval by such public accountant, accounting corporation, accounting firm or accounting LLP.

Terms defined in s 2

accounting corporation
Defined · s 2
“accounting corporation” means a company approved as an accounting corporation under section 17;
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accounting firm
Defined · s 2
“accounting firm” means a firm approved as an accounting firm under section 18;
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accounting LLP
Defined · s 2
“accounting limited liability partnership” or “accounting LLP” means a limited liability partnership approved as an accounting limited liability partnership under section 18A;
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name
Defined · s 2
“full name” or “name” means —(a)in the case of an individual registered under the National Registration Act 1965 — the name as it appears in the latest identity card issued to that individual under section 9 of that Act; or(b)in the case of an individual not registered under the National Registration Act 1965 — the name as it appears in the latest passport issued to that individual or such other similar evidence of identification as is available;
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Oversight Committee
Defined · s 2
“Oversight Committee” means the Public Accountants Oversight Committee appointed by the Authority under section 4;
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public accountant
Defined · s 2
“public accountant” means an individual who is registered or deemed to be registered in accordance with this Act as a public accountant;
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Register of Public Accountants
Defined · s 2
“Register of Public Accountants” means the register kept and maintained under section 5(1)(a)(i);
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Register of Public Accounting Corporations
Defined · s 2
“Register of Public Accounting Corporations” means the register kept and maintained under section 5(1)(a)(ii);
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Register of Public Accounting Firms
Defined · s 2
“Register of Public Accounting Firms” means the register kept and maintained under section 5(1)(a)(iii);
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Register of Public Accounting Limited Liability Partnerships
Defined · s 2
“Register of Public Accounting Limited Liability Partnerships” means the register kept and maintained under section 5(1)(a)(iv);
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Report

Read on from s 56

Part 8

Saving and Transitional Provisions

Read on from Part 8

Schedules

Read on from Schedules